Credo Privacy Policy

When utilizing our services, you place your trust in us with your personal information. We fully recognize the significance of this responsibility and are dedicated to safeguarding your data while also affording you substantial control. This encompasses three critical aspects,

• • The specific categories of data your application collects – presently, we are primarily collecting such metadata as device data, application data, media data, contacts data, and calendar data from this data set
  • The purpose for which this data is employed.
  • The procedures governing its sharing with third-party entities.
  • The specific categories of data your application collects : We collect data of your phone to provide a segmented risk profile and generate an aggregated statistical information. To protect your identity, we remove all personal identifiers (if any) and pseudonymise such information. Any metadata processed in this way cannot be used to reproduce the original data collected. Here are the examples how our official third party vendor, credolab collects the metadata: – Credolab’s mobile technology may count the number of calendar events scheduled and their time stamp. Only this information is sent to credolab’s servers, NOT the underlying raw data. – While credolab’s mobile technology may scan and process your phone book contacts on your mobile device and may have the ability to send names and contact details to credolab’s servers, the names and contact details are NOT sent to credolab’s servers. – While credolab’s mobile technology may scan and process information about the list of applications installed on your mobile device, credolab will only collect data relating to the frequency of use of such applications but NOT the activities you engage on any such application. – Credolab’s mobile technology may count the number of registered accounts, including your social accounts. However, credolab will only NOT access the social media profiles and credolab will NOT analyze the information in the apps connected with them. – Credolab’s mobile technology may count the total time you spent to apply for a loan, the time you spent in the same position, how fast you scrolled application etc. While our credolab’s technology may scan and process such information, credolab do NOT read the content of what you type in the application form
  • The purpose for which this data is employed : We use the data as part of our decision process to assess your creditworthiness for a with us. We may also use your data to assess your interest in receiving financial services through algorithms and mathematical modelling
  • The procedures governing its sharing with third-party entities : The data collected is shared with selected and authorized providers of data analytics services. The service providers are described below: CredoLab Pte Ltd: uses Credolab service to assess user’s credit worthiness. Metadata accessed, collected and shared are as follows: . Credolab’s privacy policy is available at the following link: https://www.credolab.com/privacy-policies/gdpr-privacy-policy